Direct (Dec 2014), data complied by Research Department of Thai SEC. 24 IOSCO principles related to tracking errors of ETFs.  The common ways to detect the ETFs management strategy are tracking error and

Wattanatorn and Miss Watsachol Koosamart for comments and suggestions Agenda Introduction The Model : Black and Scholes (1973) Model Wilmott (1994) Model The Analysis of Hedging Error The Data Empirical Result

style can be analyzed through performance-based, holding-based and transaction-based framework. Fund return, correlation, tracking error Portfolio turnover, Transactional data Fund constituent (Name and

than one Satang or at least one Satang or greater, but less than 0.5 percent of the correct unit value, the management company shall prepare and submit a report on the error to the fund supervisor within

is less than one Satang or at least one Satang or greater, but less than 0.5 percent of the correct unit value, the management company shall prepare and submit a report on the error to the fund

หลักทรัพย์ varchar(20) Y 20 Participant ID รหสัผูเ้กีย่วขอ้ง (ผูรั้บรอง/ผูรั้บอาวลั/ผูส้ลักหลัง/ผูค้ ้าประกัน/ ผูส้ัง่จา่ย) varchar(2) Y ชดุ code ทีก่ าหนด (รหสัผูเ้กีย่วขอ้ง) ถา้ไมม่ ีใหบ้นัทกึเป็น 00

Issuer Rating Rating ของผูอ้อกหลักทรัพย์ varchar(20) Y 19 Participant ID รหสัผูเ้กีย่วขอ้ง (ผูรั้บรอง/ผูรั้บอาวลั/ผูส้ลักหลัง/ผูค้ ้าประกัน/ ผูส้ัง่จา่ย) varchar(2) Y ชดุ code ทีก่ าหนด (รหสัผูเ้กีย่วขอ้ง

Automatic Optimization System Chiller & AHU Control Lighting Control Output Automatic Control Higher Productivity On Time Reduce Human Error Resource Efficiency 20 Store Head office (Maintenance Center) 10

for the audit firms to recruit and retain staff • Skilled non-CPAs professional resources in demand, including forensic experts • Offshoring of services: noted by a call participant as currently not too

and reasons to the trust manager without delay upon any occurrence of an event or change that may affect the value of infrastructure assets; (3) in the case that an error or defect is found that may